$5,451

Avg. Federal Grant

$6,608

Avg. Federal Loan

$17,493,376

Total Aid Awarded

Marymount California University Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

83%

Total Aid Amount Average Total Aid Awarded per year.

$17.493M

Financial Aid Official Website

www.marymountcalifornia.edu/financial-aid

Such schemes include Marymount California University - Cal Grant, Marymount California University - California Dream Act, and TVWS Scholarship. It is interesting to note that, every year, around 84% of students at MCU receive some kind of financial aid, while the total amount of assistance/loans provided is $3,439,774. One can visit MCU's financial aid page at http://www.marymountcalifornia.edu/financial-aid for more information. The total percentage of candidates applying to Marymount California University who receive the Federal Grant is 38%. On the other hand, 84% of the candidates get the Student Grant, 84% receive the Institution Grant, and 30% get the Pell Grant. Furthermore, the average aid for the Federal Grant receivers is $4,495, and the same stands at $4,220 for State Grant awardees and $13,965 for Institution Grant recipients. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $5,031. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Those with a family income below $30,000 per annum, would get an average federal aid of $26,439 in a year. Candidates who come under the $30,001-$48,000 family income bracket receive an average aid of $23,374, while those falling in the $48,001-$75,000 income category get $24,422 a year. On the other hand, the average federal aid stands at $17,538 for those with an annual family income between $75,001 and $110,000, and at $17,606 for an income more than $110,000. In addition to financial grants and scholarship schemes, students can also avail of monetary benefits like student loans to pay for their education. But, they should understand that student loans are borrowed at a certain rate of interest, unlike grants and scholarships. Moreover, the funds received through these loans will have to be repaid within a given timeframe. Every year, around 59% of the applicants to Marymount California University opt for student loans.

Financial Aid Breakdown

Student Receiving Aid

Federal Grant Aid

44%

State Grant Aid

31%

Institution Grant Aid

85%

Pell Grant

44%

Average Aid Awarded

Federal Grant Aid

$5,451

State Grant Aid

$5,978

Institution Grant Aid

$17,705

Pell Grant

$4,991

Federal Aid based on Family Income

Family Income

Average Federal Aid Per Year

Under $30,000

$29,413

$30,001 - $48,000

$28,566

$48,001 - $75,000

$23,208

$75,001 - $110,000

$20,599

Over $110,000

$18,353

Student Loans for Marymount California University

Average Loan Amount Average Loan Amount received per year.

$7,296/Year

Students Taking Out Loans

49%

Loan Default Rate

6.8%

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